Jeffery Parkway Apartments 6731 S Jeffery Blvd Immeuble residentiel 55 lots 3 410 746 € (62 014 €/Lot) Taux de capitalisation 9,02 % Chicago, IL 60649

Kiser Group is pleased to exclusively present for purchase 6731 S. Jeffery Blvd, a fifty-five (55) unit apartment building in Chicago's historic Jackson Park neighborhood. Located in one of the most sought after pockets just seven (7) miles south of Chicago's downtown, the building sits blocks away from Lake Michigan and the South Shore Cultural Center, and also sits adjacent to Jackson Park - the future site of the Obama Presidential Library and renowned Jackson Park Golf Course.
6731 S. Jeffery is comprised of fifty-two (52) Studios, two (2) 2Bd/1Ba, one (1) 1Bd/1Ba units. All of which, however, feature spacious layouts and have renovated kitchens and baths. Further improvements to the building include, a modern Rayes boiler and hot water tanks, tuckpointing and masonry work, newer windows, and rehabbed units throughout.
6731 S. Jeffery presents an investor an incredible opportunity to acquire a stabilized, cash-flowing asset in Jackson Park neighborhood. With the current operation from day one, an investor will realize an 8% cap rate and a 9.63% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 9.26% and a 14.29% cash return.